When a company is formed, a lot of hard work and planning is put into the formation. But not every company has a long life. Even after constantly examining the business and making strategies for the future, the business may not survive for a long time. This may be due to the fact the taste […]
Principles to be Followed by DMCC Approved Auditors
Setting up a business in Dubai is one of the most useful things that a businessperson can do. There are several free zones available in Dubai which allows entrepreneurs and people in business from all over the world to set up a business. One such free zone which is of great importance is the DMCC […]
Various Methods for Valuation of a Business
Business valuation represents the general process to estimate the overall economic value of a business or any organization. To determine the fair value of the business for several reasons valuation is done. That valuation includes calculation of sale values, tax audit, partner ownership taxation. Professional business evaluators, chartered accountants, auditors are involved in the business […]
Types of Liquidation for Shareholders and Creditors
Liquidation can be referred to as the process of the financial and economic operation of distributing assets to the clients, and the final goal will be how to bring an end to a business. Liquidation meaning is the scenario when there will be a due of obligations that shows the insolvency of the company. At […]
Why is Outsourcing the Bookkeeping services a Good Idea for a Business?
It is a well-known fact that accounting stands as one of the essential pillars of any business irrespective of nature and size. It is so important for a business that Accounting is considered the language of businesses. This is because if a credible person looks at the accounting data of a company then he or […]
Seek Approved Auditors in JAFZA for Business Planning
A business idea gets implemented after rigorous hard-work and brainstorming. However, in the corporate world, another essential catalyst that needs to be involved at every stage of a business is planning. Any entrepreneur or business professional can achieve success only if a proper plan has been built, considering all the possible aspects. The complete business […]
Different Methods of Error Detection While Auditing
Mistakes are made by every business entity but detecting and understanding their mistake and then taking remedial action at the proper time should be focused on more. Error detection is significant for any business as even a small error can wreak havoc over the company. These errors may or may not be caused intentionally. An […]
How Business Valuation Turns out to be Profitable for SMEs?
Small and Medium enterprises stand as the backbone of a nation. In the United Arab Emirates (UAE), the SMEs constitute 95% of the total enterprise population, which employs around 43% of the entire workforce. From a holistic point of view, we can say that the SMEs stand as a primary source of entrepreneurship, innovation and […]
How Bad Debts can affect a Business
Many times, a company has plans for the future of the company but does not have the appropriate funds to see these plans through. Under such circumstances, the company can opt for loans or borrow money from various other sources to fulfil its plans. Off late, debt is considered as a fundamental part of the […]
Financial Literacy: A Key to Millennial’s Aspirations
All of us aspire to create the right amount of wealth and manage our finances in a better way. However, these things seem too complicated when it comes to practice. There is not enough knowledge sharing about the subject – how money works. In the UAE, financial literacy is an issue and the world in […]